Anyone have a good way to approach RAP?
Posted: Fri Apr 27, 2012 5:14 pm
I have the Wendel Primer and he does it by the create, kill, & count approach, however I'm not really get it. Also, in class my professor did it a different way. She would ask us to find the relevant lives and the validating ones. Just really confusing myself, and the only thing I get at this point is that it has to vest within 21 years in a life of being who was alive & it applies to contingent remainders, exec. interests, and vested remainders subject to open. Any help would be appreciated.